HEAL AFRICA USA (EIN 204104936) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CHRISTIAN ERICKSON

Phone

8165363751

Tax Period

2024-01-01 to 2024-12-31

HEAL AFRICA USA, founded in 2005, is a small nonprofit in the Human Services sector that reported $366K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $479K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO SUPPORT HEALTH, EDUCATION, COMMUNITY ACTION AND LEADERSHIP DEVELOPMENT IN RWANDA AND DRC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $365,494

Program Service Revenue $0

Investment Income $740

Other Revenue $0

TOTAL REVENUE $366,234

Expense Breakdown

Grants Paid $385,267

Salaries & Benefits $21,530

Fundraising Expenses $22,668

Program Expenses $391,538

Other Expenses $71,845

TOTAL EXPENSES $478,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,234	$574,389	-0.4%
Expenses	$478,642	$718,294	-0.3%
Net Income	$-112,408	$-143,905	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$20,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC H ERICKSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARC T ERICKSON SR	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWIN FISCHER	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTAIN M ERICKSON	EXECUTIVE DIRECTOR	5.00	Officer	$20,000	$0	$20,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$366,234	$478,642	$122,903	$-112,408
2023	$574,389	$718,294	$235,311	$-143,905
2022	$813,010	$1,195,843	$379,216	$-382,833
2021	$935,354	$958,627	$762,049	$-23,273
2020	$1,093,316	$879,746	$785,322	$213,570
2019	$695,004	$1,052,207	$571,752	$-357,203
2018	$308,731	$1,356,196	$928,955	$-1,047,465

HEAL AFRICA USA